Unnati Microfinance Bittiya Sanstha to Issue its IPO

Unnati Microfinance Bittiya Sanstha is issuing its Initial Public offering (IPO) from 21 Poush 2074. It is offering 1,80,000 unit shares with total worth of 1.65 crore.

The offering can be shut on 25 Poush in earlier and on lately on 5 Magh 2074. Siddhartha Capital Limited is appointed as the issue manager for the IPO.

Any interested investors can apply for a minimum of 10 unit of shares and maximum of 820 unit of shares. Interested applicant can collect ASBA forms from all ASBA approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

Unnati Microfinance has also allocated 4% i.e. 6,600 unit of shares to its employees and 5% i.e. 8,250 unit of shares to its existing 11 mutual fund companies. The Microfinance is only floating 150,150 unit of shares to general public.

Unnati Microfinance has paid-up capital of Rs 3.85 crore. After the issuance of the IPO shares, its capital will reached to Rs 5.50 crore. It has already earned Rs 45.11 lakhs in the first quarter of the current fiscal year 2074/75 as its un-audited report.

Unnati Microfinance is located at Rupandehi district of Nepal and is providing its services to ten districts.